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Beijing Tongrentang (600085) investor relations material
Beijing Tongrentang Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 was RMB 4.66 billion, down 11.59% year-over-year from Q1 2025.
Net profit attributable to shareholders was RMB 471 million, a decrease of 19.07% year-over-year.
Operating cash flow increased to RMB 942 million, up from RMB 833 million in the prior year.
Financial highlights
Total assets at quarter-end were RMB 31.01 billion, up 1.26% from year-end 2025.
Shareholders’ equity rose 3.14% to RMB 14.09 billion compared to year-end 2025.
Basic EPS was RMB 0.344, down from RMB 0.425 in Q1 2025.
Gross margin declined as cost of sales fell less than revenue.
Outlook and guidance
Increased R&D investment is expected to continue, impacting short-term profitability.
- Revenue and profit fell, but cash flow and R&D rose; dividend payout remains strong.600085
H2 202531 Mar 2026 - Net profit declined 2.92% on higher costs, with negative operating cash flow for the period.600085
Q3 202411 Dec 2025 - Net profit rose 3.49% on stable revenue, but cash flow and gross margin declined.600085
H1 202411 Dec 2025 - Net profit fell 7.39% on flat revenue, but cash flow and gross margin improved.600085
H1 202511 Dec 2025 - Revenue and profit fell sharply in Q3 2025 amid weak market conditions and lower sales.600085
Q3 202531 Oct 2025 - 2024 revenue up 4.12%, net profit down 8.54%, with robust retail and overseas growth.600085
H2 20249 Jun 2025 - Q1 2025 saw modest profit growth and robust cash flow amid a volatile market.600085
Q1 20256 Jun 2025
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Next Beijing Tongrentang earnings date
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